In March, the state of Croatia, Petrokemijaʼs majority owner, offered 44% of the companyʼs shares to PPD and oil and gas company INA in a debt-for-equity swap, but sealed no deal. Petrokemija owes the companies a combined HRK 320 mln.
Hungarian oil and gas company MOL owns 40% of MET. It also holds a 49% stake in INA.
The paper said the state is ready to sell its majority stake in Petrokemija to MET and PPD, thus preventing the company from going into liquidation.
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